Covid-19: FG to slash 2020 budget by over N1tn The Federal Government on Wednesday announced a slash in the 2020 budget by N1.5tn as part of measures to respond to the impact of coronavirus on the economy. Included in the N1.5tn is over N457bn the government spends on fuel importation under the name of “under-recovery.” A government’s panel set up...... read more
Oil crash: Prepare for tough times –NNPC GMD As the world grapples with the latest crude oil crash caused by the Coronavirus (COVID-19) epidemic, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Mr Mele Kyari, has urged Nigerians to brace up for an unsavory economic climate in the months ahead as the journey may not be rosy. ...... read more
Furore over alleged exclusion of South East, Edo from $22.7b loan •Consultancy takes 40 per cent of facility•’Presidency preparing fresh loan request’ Except they are reconsidered, the entire South East geopolitical zone as well as Edo State may not benefit from the controversial $22.7b loan approved by the Senate last Thursday. It was gathered that the exclusion of the south east and...... read more
Monguno vs Abba Kyari: Buhari's NSA absent during security meeting Babagana Monguno, national security adviser, was absent when President Muhammadu Buhari met with service chiefs at the presidential villa in Abuja on Monday. Appointed co-chair of the National Humanitarian Coordination Committee (NHCC), Monguno, who has been in the news over his disagreement with Abba Kyari, chief of staff to the president, has always...... read more
JUST IN: Bill for a national agency to accommodate repentant terrorists scales 1st reading Amidst the divergent reactions, over the recent the release of 1,400 arrested Boko Haram members who were said to have been rehabilitated, the Senate is mulling the establishment of a national agency to accommodate repentant members of the Boko Haram sect.   The bill to that effect titled “National Agency for...... read more
NTA will compete with CNN, if we get $500m loan - Lai Mohammed Lai Mohammed, Nigeria's Minister of Information, has said that the Nigeria Television Authority (NTA) will compete with the likes of Cable News Network (CNN) if the $500 million loan his ministry is seeking for is approved.       According to The Guardain, the Minister said this when he appeared before the senate committee...... read more
FG slashes visa fees for U.S citizens A review of the U.S.’ visa reciprocity policy for Nigeria has led to a slash of visa application charges for citizens of the North American country by the Nigerian government.    Confirming the development, the Comptroller-General of Nigeria Immigration Service (NIS), Mr Muhammad Babandede said the visa application charges for American citizens...... read more
Buhari not fighting corruption to impress Transparency International - Lai Mohammed The Minister of Information and Culture, Lai Mohammed has reacted to Transparency International's recent report which ranked Nigeria 146 out of 180 corrupt countries, with a total of 26 points out of a possible 100 points.       In an interview with some international media organisations in London, the Minister stated...... read more
No cabal is running my government - Buhari President Muhammadu Buhari has dismissed the insinuation that his government is being run by a cabal. He said being the person elected by Nigerians, he exercises his powers as the President. The President described his relationship with Vice President Yemi Osinbajo as “perfect”. Buhari also said the nation’s debt is not ...... read more
FG says VAT implementation will take effect Feb 1 Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning says the implementation of Value Added Tax (VAT) increase from five per cent to 7.5 per cent will take effect from Feb. 1. Ahmed said this during the inauguration of the Chairman and Board members of the Federal Inland Revenue...... read more
Buhari orders reinstatement of sacked REA MD The Minister of Power, Saleh Mamman has been overruled on the suspension of Ms. Damilola Ogunbiyi as the Managing Director of the Rural Electrification Agency (REA). President Muhammadu Buhari on Tuesday ordered her reinstatement. Her recall was announced in a tweet by the Federal Government via the Twitter handle, @NGRPresident, today....... read more
Buhari restricts ministers travels A travel restriction has been placed on ministers and government officials by President Muhammadu Buhari. The action is in line with the government’s cost-cutting plan, transparency and prevention of leakage of resources, Minister of Information and Culture Lai Mohammed, said on Monday. This decision is to support the policy on publication...... read more
Our National resources will be judiciously utilized, Buhari pledges President Muhammadu Buhari has assured Nigerians that his administration will judiciously use national resources for infrastructure development. The President gave the commitment on Wednesday while receiving residents of the Federal Capital Territory (FCT), who visited him on Christmas homage at the State House. President Buhari thanked Nigerians for the understanding and...... read more
FG contemplates N2tr loan from pension fund for roads, other infrastructure Nigeria may have to borrow N2 trillion from the Pension Fund if the National Economic Council (NEC) gives the go ahead to do so early next year. This indication was given on on Thursday during a briefing by governors Babajide Sanwo-Olu (lagos), Atiku Bagudu (Kebbi) and the Minister of Finance, Budget...... read more
JUST IN: Buhari Sacks Odubu-Led NDDC Board President Muhammadu Buhari has ordered the recomposition of the Dr. Pius Odubu-led Niger Delta Development Commission (NDDC). The President also validated the existence of the Interim Management Committee (IMC) of the commission led by Dr Joi Nunieh. The new twist at the NDDC was contained in a statement on Thursday morning...... read more
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Latest News COVID-19: 'We’re living in fears,' Abba Kyari's aides cry out NIMASA donates 20 ventilators, N50m to fight covid-19 Kaduna inmates revolt over ‘COVID-19 case’ FG Reduces Petrol Price To ₦123.50 Per Litre N28.5m donated by UBA will be used to set up a testing laboratory in Umuahia - Ikpeazu Abia Speaker Distributes Hand Sanitizers to Constituents Facebook offers $100 mn to help virus-hit news media 5 Coronavirus patients discharged after full recovery JUST IN: Nigeria records second death from coronavirus NCDC sets up two Covid-19 testing centers in Ebonyi and Oyo

 

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